The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1887-11-17
HendeTson's Wants.

EDITOR GOLD LEAF.-While Henderson
is thriving and growing place, she has
not advanced as rapidly as she would have
done had the means necessary to her more
rapid growth and progress been put in OPP
Grafton. In addition to her other wants,
she needs more banking facilities to meet
the growing demands of her people. In
fact, her varied interests require it, Moneyis
said to be the 'SineWS Of war, and it is not
a bad thing to have in time of peace. And
if we would see our town Increasing in
wealth and strength, with victory perched
upon her banner We must use the means
necessary to bring about the desired end.
The yellow leaf is pouring into cur mar
ket with Increasing quantity every year,
and it requires an increase OF banking &C
commodations to enable us more success
fully to handle it, Henderson with her
liberal buyers, is bound soon to be the
leading market for the tweed" (f she is
not now East Of Durham. In fact, but for
the manufacturing advantages Durham
| possesses over us, we would very soon out
strip her in our annual sales. But, as
! said, we need more banking capital circu-
! lating in our midst. In all growing places
| the wheels of progress require the requisite
| application of grease to make them run
more smoothly. Great results are not OBJ
| tanned without the use of producing causes
After the war some gentlemen started
the Raleigh National Bank in Raleigh.
Finding the amount of stock was inadequate
| to the wants OF the people, they increased
the amount to $500 900. That far sighted
| financier, John G. Williams, seeing that
! another Bank was needed and would be
profitable, put the State National BANK III
operation. Finding the two operating
banks so we'll sustained, other capitalists
got up the Citizens National Bank, thus
making three institutions of the kind In
the place The stock is desirable, and |
don't suppose could be bought without pay
III. IL, ,1t,a Ils,v
, ham is following the example OF Raleigh
| in establishing banks for the accommodate
ton of her energetic people. In addition
to her two successful bankS-MCrehead's
and Blaekwell's-she will soon Gf she has
not done 500 start a third, with capital of
| sl0O 900, and they will all be paying insti-
tutions-a great convenience to her people,
and add much to the influence and reputa-
ton of the place.
With such bright examples before US,
| why should not Henderson look to her III
! terest and stand forth in her strength, oc-
cupying the position she should occupy
among her sister towns? It is true we have
one successful bank in operation that is a
| great convenience to our citizens. The
founders of the institution deserve the re-
spect and support of our people. As
| leaders of banking enterprise in our town
and they Will be. But while such is the
case. We cannot re-: the conclu-
sion that two institutions Of the kind
would be amply sustained in such a
prosperous and growing Town as ours.
Henderson is surrounded by race of en-
ergetic, prosperous farmers. pouring the
products of their fertile fields in her midst
This is point where quantities Of cotton
are marketed, in addition to the vast guam
tity of tobacco that is sold here. To handle
all these products at remunerative prices
to the farmers, Henderson must have more
banking capital for the convenience OF
buyers. Whoever heard of a great com
. mercial centre without capital TO build il
, up and give it character? 1t requires ad
equate means in operation to bring about
great results. An old farmer used to tel
, his bows. it was nonsense TO think of grad
ing RAILROAD to Raleigh with gimiet.
lie wished to impress on their minds tht
idea that great and desired results never
: sprung from the use of Intellectual and III
, adequate means. 1t requires energy ant
I, capital to build up place and make it in
| wiling and no place ever rose to CONNER
t cial prosperity and prominence withou
f them Then let Us act wisely, looking I
our interest, if we would occupy the posi-
i | ton We should in the commercial world
z